KCB Group has nearly eliminated the market capitalisation gap between it and rival Equity Group as the latter loses its traditional large trading premium over the country’s largest bank by assets.
A planned 5,000 metric tonnes Liquefied Petroleum Gas (LPG) distribution and filling depot in Eldoret has stalled backtracking government efforts to increase the use of safe energy in the country.
The Kenya Tea Development Agency (KTDA) had the second best price in the world market as low earnings in 2019/20 financial year saw Sri Lanka dislodge it from the top position that it held last year.
KCB Group has placed Mumias Sugar Company under administration after the miller defaulted on loans amounting to Sh12.5 billion it owes the bank and other creditors, effectively kicking out the company’s board and management.
The Kenyan shilling is in the spotlight as diaspora remittances fell for a second straight month amid expected pressure from the demonetisation of the old Sh1,000 note that has raised liquidity in the market.
The Kenya Revenue Authority (KRA) has frozen bank accounts owned by Africa Union’s reinsurance firm over a Sh12.8 billion tax bill, setting the stage for a battle between Nairobi and the continental body.
